MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall., This news data comes from:http://vrpepf.erlvyiwan.com
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion.
Budget shortfall narrows in July
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- Marcos inspects rock shed project in Benguet
- Gasoline, diesel price hikes seen next week
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- No winner in Ultra, Megalotto draws for Aug 29
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Israel ups pressure on Gaza City as Trump talks post-war plan
